J.C. Hart Company Closes on Two More Properties

CARMEL, IN, JANUARY 16, 2015: J.C. Hart Company, Inc., a Carmel-based multi-family residential developer, has closed on two new projects; High Point Bloomington Apartments in Bloomington and Lakeside Apartments of Carmel, a joint venture with Atapco Properties of Baltimore, MD.

Financing for High Point Bloomington ($7,846,000) was provided by Star Bank. High Point, located at 11th and Walnut, will consist of 36 one-bedroom studios, 44 one-bedroom flats, and 2 two-bedroom townhomes. Construction will begin in the 1st quarter of 2015.

The Lakeside project, financed by Associated Bank and First Financial Bank for $32,375,800, is already under construction. It will include 283 luxury one, two and three-bedroom garden-style apartments, located near Guilford and Carmel Drive in Carmel.

Contact: Mark Juleen (317) 573-4800 for comment.

[press release]